Crumbs Bake Shop Inc. won court approval on Tuesday to begin reopening stores as soon as next month under a new ownership team that plans to expand the chain beyond its signature cupcakes.

Judge Michael Kaplan in U.S. Bankruptcy Court in Newark, N.J., signed off on the sale to self-styled turnaround guru Marcus Lemonis and Dippin' Dots owner Fischer Enterprises, which is taking over Crumbs in exchange for the cancellation of some $6.5 million in debt.